TPG RE Finance Trust
TRTX
121 hedge funds and large institutions have $740M invested in TPG RE Finance Trust in 2019 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 64 increasing their positions, 26 reducing their positions, and 21 closing their positions.
4,563% more call options, than puts
Call options by funds: $1.26M | Put options by funds: $27K
146% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 26
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
5% less funds holding
Funds holding: 128 → 121 (-7)
6.91% less ownership
Funds ownership: 59.45% → 52.54% (-6.9%)
12% less capital invested
Capital invested by funds: $840M → $740M (-$100M)
14% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$17.8M |
| 2 |
HS
Hazelview Securities
Toronto,
Ontario, Canada
|
+$9.04M |
| 3 |
Nuveen
Charlotte,
North Carolina
|
+$7.36M |
| 4 |
CM
Crestline Management
Fort Worth,
Texas
|
+$7.34M |
| 5 |
State Street
Boston,
Massachusetts
|
+$4.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JMPWA
JP Morgan Private Wealth Advisors
San Francisco,
California
|
-$125M |
| 2 |
Morgan Stanley
New York
|
-$17.1M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$8.16M |
| 4 |
MWNA
Marshall Wace North America
New York
|
-$7.34M |
| 5 |
MIM
Monashee Investment Management
Boston,
Massachusetts
|
-$5.88M |
TRTX Hedge Fund Activity: Q2 2019 in Review
121 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in TPG RE Finance Trust (TRTX) for Q2 2019, worth a combined $740M — down 12% from $840M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of TRTX and 18 opened new positions — a net loss of 3 holders — while 26 trimmed existing stakes and 64 added.
The largest buyer was BlackRock, adding an estimated $17.8M. The largest seller was JP Morgan Private Wealth Advisors, cutting an estimated $125M.
- 121 institutional investors held TPG RE Finance Trust (TRTX) as of Q2 2019, down from 128 in Q1 2019.
- Funds reported $740M of TPG RE Finance Trust stock for Q2 2019, down 12% quarter-over-quarter.
- 18 funds opened new TPG RE Finance Trust positions in Q2 2019 and 21 closed out, a net change of -3 holders.
- The largest TPG RE Finance Trust buyer in Q2 2019 was BlackRock, an estimated $17.8M added.
- The largest TPG RE Finance Trust seller in Q2 2019 was JP Morgan Private Wealth Advisors, an estimated $125M sold.
Based on aggregated 13F filings for Q2 2019.